Asian Metal visits Yulin Tianlong Magnesium, Yulin Magnesium

On the afternoon of 22 December of 2021, Mr. Hao Zhao, Sales Director and Ms. Daphne Zhang, Consultant & Senior Product Manager of Asian Metal, visited Yulin Tianlong Magnesium Co., Ltd. and Shaanxi Yulin Magnesium (Group) Co., Ltd. and were warmly greeted by above companies.

Daphne Zhang and Hao Zhao first visited Yulin Tianlong Magnesium Co., Ltd. and held in-depth discussions with Mr. Mingqi Chen, the General Manager and Mr. Li Yang, the Sales Director of the company, regarding the challenges and opportunities in magnesium industry in 2021. Under the national Dual Control Policy, price fluctuation for coal and ferrosilicon and strict environmental control requirements, Tianlong actively responds to the national requirements and strives to guarantee their clients’ stable demand.

Established in 2002, Tianlong has been in magnesium industry for nearly 20 years. With an annual production capacity of 30,000t of magnesium ingot, Tianlong mainly focuses on the production of magnesium ingot 99.95%min B and 99.9%min. Tianlong aims at downstream titanium sponge, sacrificial anode, aluminum, magnesium alloy and deep processing enterprises in domestic and foreign markets.

As a years-long partner of Asian Metal, Tianlong has been referring to market information and prices provided by Asian Metal. Mr. Mingqi Chen thought highly of objective, fair and timely market information provided by Asian Metal and also gave positive comments on previous magnesium summits held by Asian Metal, planning to participate in the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.

Then Daphne Zhang and Hao Zhao visited Shaanxi Yulin Magnesium (Group) Co., Ltd. and communicated with the company's President, Mr. Fei Wang and Vice General Manager, Mr. Daniel Chu. Yulin Magnesium has the responsibility and confidence to maintain stability for the industry and promote the development of magnesium industry. In 2021, Yulin Magnesium won the trust of end users in domestic and foreign markets by virtue of plenty funds and execution ability under the price fluctuation and supply crisis.

Based on a registered capital of RMB500 million, which consists of state-owned shares of 82% and private shares of 18%. Yulin Magnesium's shareholders Yuneng Coal I&E Co., Ltd. occupies 51%, Fugu County State-owned Assets Operation Co., Ltd. holds 16%, Shaanxi Nonferrous Metals Holding Group Co., Ltd. holds 15% and the remaining 18% shares belong to 20 major magnesium producers in Yulin city. Presently, the company’s main business includes self-running trade business, supply chain finance business, warehousing and logistics business, upstream technology research and deep processing business, planning and construction of magnesium and aluminum industrial park, etc. Related products include various specifications magnesium ingot, magnesium alloy, semi coke, ferrosilicon and other overwhelming products in Yulin. Meanwhile, the company has also carried out large-scale business in the fields of steel, ferroalloy, imported equipment and ore.

As a long-term partner of Asian Metal, Yulin Magnesium has been referring to market information and prices provided by Asian Metal for years. Mr. Fei Wang spoke highly of objective, fair and timely market information provided by Asian Metal and also gave positive comments on previous magnesium summits held by Asian Metal. The company plans to participate in the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022 as the sponsor.